Al Gore Crafts Blueprint for ‘Sustainable Capitalism’ and Responsible Investing
**Written by Doug Powers
Al Gore reminds me of the Wizard who had the curtain pulled back on him planning to be taken more seriously by getting Toto sent away to obedience training.
From Reuters:
Former U.S. Vice President Al Gore wants to end the default practice of quarterly earnings guidance and explore issuing loyalty-driven securities as part of an overhaul of capitalism which he says has turned many of the world’s largest economies into hotbeds of irresponsible short-term investment.
Together with David Blood, senior partner of ‘green’ fund firm Generation Investment Management, the environmental activist has crafted a blueprint for “sustainable capitalism” he wants the financial industry to adopt to support lasting economic growth.
“While we believe that capitalism is fundamentally superior to any other system for organising economic activity, it is also clear that some of the ways in which it is now practised do not incorporate sufficient regard for its impact on people, society and the planet,” Gore said.
At a briefing ahead of Thursday’s launch, David Blood said capitalism has been blighted with short-termism and an obsession with instant investment results, which had ramped up market volatility, widened the gap between rich and poor and deflected attention from the deepening climate crisis.
The Goracle has reportedly made around $100 million just in the last decade, much of it very quickly — dare I say “short term.” But that was “good” short term… right now we’re discussing “baaad” short term.
How come losing billions in taxpayer money overnight on clean energy “investments” is good for society and the economy in the long run, but a private investor seeking to earn a fortune overnight is bad for society and the economy in the long run? The answer is that both are perfectly acceptable as long as Gore has a piece of the action.
If Gore wants to get rid of corporate quarterly reporting, let him be the first to invest millions in a business that is only compelled to update him on it’s progress, or lack thereof, every few years or so. I’ll even volunteer to be the person who heads up that company just to show how much I care about the cause.
**Written by Doug Powers
Twitter @ThePowersThatBe
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Categories: Al Gore,Enviro-nitwits,global warming



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well I, for one, am going to listen to Mr Gore, as he’s always steered me right so far….
Oh, yeah, sustain capitalism and responsible investment. What he really wants is us to be responsible, or be forced, to invest in what it takes to sustain his personal capital.
So according to Gore “Sustainable Capitalism” is based on government spending that we understand to be unsustainable…
Er..ror! Does not com…pute! Logic circuits failing…. *zap*
E F Glutton has steered me more to the right, too,
Gotta ask, who in their right mind would take any advice bore has to give out? Our home does ok with us dealing with our investments and do not need help from the likes of bore! WE actually balance our check books and don’t spend more than we take in. Can’t say that about dc now can we?
L
A lie, of course. Clean engergy “investmenents” is only a scam for politicians and cronies to justify stealing taxpayer money for their personal benefit.
Because it provides far too much independence from the control of that fortune by our government leaders, and not “fair” to not have it readily available to redistribution to whomever our government leaders deem worthy.
Gore needs to get a polar bear to tend to his chakras.
ok al, i promise i will stop making fun of you, if you lend me a few million. and i won’t report my earnings, or losses, but i will send you greeting cards, to express my loyalty of your gift of wealth.
Speaking of “green energy” boondoggles, I saw this article the other day in the Washington Post:
Dumbutt Algore. You can’t “reorganize” capitalism. It’s an organic system developed over millennia, akin to a law of nature.
I’ll say it again: No matter what else one may think of him, I’ll always thank George W. for making sure that the word “President” never had to be uttered before “Al Gore” (or “John Kerry” for that matter).
Is this a Five Year Plan? Stalin would be so proud.
Have mercy! The arrogance of the left…
When can you trap for a ManBearPig pelt? Do you need a license for that?
Re pic: I envy that polar bear being able to take a dump on his head like that. I wish we could all queue up for that.
So lemme get this straight. When some solar cell firm really does figure out how to make efficient, cost-effective devices, Al wants us to hold onto our Solyndra stock out of loyalty? What a maroon.
Look like a case of someone who forgot to take his meds.
Someone please let Mr. Gore know that he’s done. Thank you.
Where do they come up with these freakin words,”short-termism”?
Like I’m not into short-termism and stuff, like ya know short and not like looonnnng—–terrrrrmmmmmism.
Tell me your lies using real words, not words that you’ve made up.
Which reminds me of a song. “Lie to Me”, and tell me everything is alright, but not you ‘Big’Al, you fool nobody is buying your new capitalism.
Yeah, Paratus, I think you’re right. Back in the late 90′s, during the dot-com boom, everybody was talking about a “new paradigm”, and getting away from the old “bricks and mortar” companies. How the old P/E ratio was no longer valid in evaluating stocks, because these new dot-com companies didn’t have any earnings yet, so you couldn’t really have a Price-to-Earnings ratio. And blah, blah, blah. And we all remember how well that worked out.
I’m pretty content with the old “build a better mousetrap” capitalism Al. So take your “sustainable” capitalism and put it where a solar cell won’t work.
Simply put, if Gore can’t get your money one way, he’ll try another. It’s for the environment.
On February 16, 2012 at 03:08 pm, AlohaGuy said:
It’s sooooo awesome. It sounds like a Great Leap Forward to me.
About as dumb as a snakeoil salesman. He didn’t become a multimillionaire by being dumb.
Dumb are the people who take him seriously .
If solar energy was viable we would already have solar energy billionaires. Capitalists are funny that way.
BTW, Government Motors reported that 2011 was its most profitable year today
and they are going to return the billions of bailout money they took from the taxpayer.If these ideas are so good, why do they need taxpayer money to make it work?
BTW, when (or IF) someone buys Carbon Credits when they take a jet or ride a dirt bike, just who does this $’s go to? Al Bore-ing? just curious.
After all it is really expensive heating and cooling his mansion, fueling up his private jet and get Chakra releases….
Maybe this pig should bring this up at some of the board of directors meetings for the companies he sits on…. He sits on the BOD of Apple Inc., perhaps with Steve Jobs out of the way he can push it on Apple as a test model……
I can see it now…..
Al Gore: “Come on guys we have to do it for the enviornment. I am super serial guys”
BOD (in unison)roll their eyes.
Global Warming has failed, so he has to find a new way to line his pockets.
“Open the pod bay doors, Al.”
On February 16, 2012 at 02:13 pm, Rogue Cheddar said:
Never catch him in a trap unless its like a lion pit.
Too greasy.
On February 16, 2012 at 02:13 pm, Rogue Cheddar said:
…besides, his pelt is likely heavily infected with mange.
On February 16, 2012 at 03:32 pm, LawDog said:
ManBearPigs version of sustainable capitalism means a sustained flow of money forced from the taxpayers into his pocket.
He tried it with his carbon credit scam and lost. He’s just looking for a new revenue stream….read, suckers.
Based on Solyndra and other Green boondoggles… could you be more specific as to location? ‘Cause it don’t look to me like it would actually ‘work’ anywhere.
Gore should be in jail for fraud.
Another name for sustainable capitalism is fascism.
“Short-termism” is only an issue if choose to take your company public so as to tap into other people’s money. As an investor, I am already concerned with the abandonment of standardized accounting principles and disclosure by many of our industries, most notably the banking industry. Without the timely disclosure of standardized and accurate information, our capital markets cannot perform their two primary objectives: price discovery and efficient allocation of capital.
Disclosure and timely reporting is what is revealing to the taxpayer what a bad investment alternative “clean” energy truly is and how much of the money is being stolen outright. If ManBearPig feels that it is such a great investment but disclosure bothers him, he can monopolize his “golden opportunity” by investing his own money and that of his friends as a private equity structure and set his own terms. I am sure he will be interested in full disclosure and timely reporting. Of course, he then could not tap into the hundreds of billions of taxpayer funds he so desperately needs to steal from.
What ManBearPig is advocating is for lowering the level of accountability to the standard that exists with taxpayer money: no accountability.
This is what happens when generation after generation of children are brought up to disrespect their parents. Timeless wisdom is lost as we listen to the partly pregnant and sometimes honest who tell us that compromising away principle (Not much, just an inch… this time. Who will notice? Besides everyone is doing it. Who gets hurt?) is the right thing to do.
And so we hold our noses time after time and forget how we got to this point. We got here because we NEVER EVER stand on principle. It is NEVER the right time to do the right time. Perfection is the enemy of the good. We accept evil one inch at a time to protect the good.
It is NEVER the right time to do the right
timething.God help us if we should ever be accused of being “old fashioned”. It’s bad enough that standing on principles is confused for being judgmental (God no! Not that!) and intolerant (Kill me now!).
Let me guess, cap and trade=good, command economy=good, liberty and self-determination=time in the gulag.
On the other hand command economies have worked out well, just not for the nations that institute them.
For example the command economy of the USSR really did work out well, for us.
Anybody notice the correlation between the rise in the number of collectivists here and the anchor tied around our necks getting heavier?
Motivating slackers or wannabe slackers is what our fore fathers was all about.
When libs don’t have anyone to leach off of they don’t have as much time to play apparatchik.
Gorism really gives me the creeps. He and N. Belosi should meet Abbott and Costello, do a movie series where they fight/claw each other, A & B wins and we can all LOL together.
Gore is another one, like Obama, with evil eyes.
Take a picture of him, Obama, and Rick Santorum. Look at the eyes. Who would you trust? Santorum’s eyes are clear and beautiful. They reflect a beautiful soul. Obama and Gore? Cold, dead, souless. Sorry, but I calls ‘em as I sees ‘em.
Those four evil eyes follow you left, right, up, down and all around.
Good Eye Scrap.
Hey Al! Your tutu is wrinkled.
Damn capitalists! They are raising the earth temperature! What? According to Algore: “The earth interior core is “extremely hot,” “several million degrees.” Hey Al, can you make it so it is a constant 70F in Alaska and 20 below in Berkeley? Thanx pal.
Well I cannot help but to agree with Blood on the point of ‘short-termism’ because nothing is actually created when the only thing that happens is money passing from one entity to another. The big winner in such transactions is the government with the only other minor beneficiary being the trading company.
The cure is simple. The strongest cure is to allow capital gains basis to be INDEXED. With very few exceptions, only long term investment can produce wealth but it is penalized by taxing inflation on top of whatever capital gain was produced. Eliminate the inflation penalty.
Also eliminate the double taxation on dividends, that will help attract more investment toward activities that are actually producing things like manufacturing. Better still would be to eliminate taxation on profit altogether because it would remove government’s vested interest in artificially limiting the supply of a given commodity that affords the big crony corps a huge advantage over small growing upstart competitors. Higher prices = more profit = more tax to the government. Break that connection!
Of course the balance of his thinking is rubbish. Like I already wrote, short term trading ultimately benefits the government which then provides more money to the poor to keep them poor so his “rich/poor gap” assertion is pure BS.
Government should have nothing to do with picking and choosing one enterprise over another. Capital cronyism to line their own pockets is the true aim of all these liberal crooks.
Another money scheme from manbearpig.
Simple response. Go away!
This can only mean Gore’s investments in green technologies are going sour and he wants those companies to hide their current performance while he figures a way out.
Put some salt in your right hand and throw it over your left shoulder. (or maybe it’s left hand, right shoulder?…do both!)
Gore is highly invested in the Chicago Climate Exchange…
The BIGGEST SCAM on the people in the History of investing.
Even Michael Milken is green – with envy.
Move over Junk Bond King, meet Al Gore the “Junk Science King”.
This is a typical propagandist snare for the weak-minded. One might ask a few questions instead of simply swallowing this load of assumptions unexamined:
Exactly how is it “clear”?
What the heck does it mean to “practice” capitalism (Communist-speak for a free market)?
What constitutes “sufficient regard”, and who decides?
What are these “impacts” specifically?
And how exactly is your vague proposal going to improve things, and for whom?
More ought be asked, but that small starter dose of mental emetic should do…
Mr. Boring was worthless as VP, Worthless as a prez candidate, and nothing but a loudmouth Jackass (=LIAR) since.
Will somebody please tell Mr Boring just to go home and be QUIETLY STUPID there for ever more!?! There are no words that can express the assininity of this faux person. Think about it, Tipper wised up and bailed!?!